iPhone-maker Foxconn under investigation by Chinese authorities, stock plummets
Image Credit: global china daily
Foxconn, Apple's primary iPhone assembler, saw its share's value decline by 3.4% on October 23. This decline came after reports emerged about investigations by the Chinese government into Foxconn's operations, reported Bloomberg. The probes are focused on Foxconn's facilities in central and southern China, specifically in Jiangsu, Guangdong, Hubei, and Henan provinces.